Family business is the backbone of the UK economy, and the bedrock of its communities. IFB is the voice of the UK family business sector.
Two thirds of UK businesses are family owned - 5.1 million in total, of which nearly 20,000 are medium and large businesses.
They generate over almost a third of UK GDP. In 2018, the family business sector paid £196 billion in tax, more than the annual NHS budget.
Family firms employ 14.2 million people in the UK – more than half of UK private sector employment.
IFB is a not for profit, membership organisation. We champion the sector, work to represent their needs to policymakers and support them with challenges they are facing. IFB’s members represent a strong collective voice, with a combined turnover approaching £100 billion, employing over half a million people.
IFB’s growing membership includes some of the UK’s largest and most successful family-owned businesses, including some of the UK’s most recognisable and well loved brands. IFB members are based throughout the UK and represent a diverse range of industry sectors.
IFB’s communications team can provide you with:
- Research and publications
- Background information
- Case studies
Director of External Affairs and Policy
- 07718 478345
26th February 2021
Hosting an exclusive roundtable for family businesses, representing a variety of sectors, the Prime Minister and Business Secretary Kwasi Kwarteng heard how family businesses have been responding to the pandemic, and the essential part they have in supporting their local communities.